Adjustment to the rights of the holders of the Convertible Bonds 2016-2021
Summary & download
On 19 May 2016 NV Bekaert SA issued senior unsecured convertible bonds due 9 June 2021 in a principal amount of € 380 million (ISIN: BE6286986284). Bekaert announces today that, as a result of the resolution of the Annual General Meeting of Shareholders to distribute a gross dividend of € 1.10 per share payable on 15 May 2018 and in accordance with article 5(b)(iii) of the applicable terms and conditions of the bonds:
- the conversion price has been adjusted from € 51.25 to € 50.71, and
- the threshold amount has been adjusted from € 0.90 to € 0.8906,
effective as of 11 May 2018.
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW.
THIS ANNOUNCEMENT IS FOR GENERAL INFORMATION ONLY AND DOES NOT FORM PART OF ANY OFFER TO SELL OR PURCHASE, OR THE SOLICITATION OF ANY OFFER TO SELL OR PURCHASE, ANY SHARES, BONDS OR OTHER SECURITIES. THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. ANY PERSONS READING THIS ANNOUNCEMENT SHOULD INFORM THEMSELVES OF AND OBSERVE ANY SUCH RESTRICTIONS.